As we know that exempt supply is restricted for restaurant registered under composition scheme. But I am confused whether exempt supply (such as lassi) is also restricted for restaurants registered under regular scheme, paying tax @ 5% under Gst ????
plz help out.
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GST ON EXEMPT SUPPLY BY RESTAURANT
Replies (2)
No. Regular regn person can sell any product.
As per Notification 46/2017 CT(R )
Restaurants without ITC, charge 5% Restaurants in hotel where room tariff is 7500/- or more , charge 18% with full ITC
So if you are regular dealer no need to charge 5% on Exempted supply.
In term of Notification 1/2018 CT amending notification 8/2017 CT onwards the composit dealer can supply
Tax payer supplying restaurant services & ., Manufacturers opted for Composition scheme cannot do Exempted supplies
Note : other than manufacturers & Restaurant service provider who is in Composition scheme can make Exempted supplies (Notification 1/2018. CT )
Restaurants without ITC, charge 5% Restaurants in hotel where room tariff is 7500/- or more , charge 18% with full ITC
So if you are regular dealer no need to charge 5% on Exempted supply.
In term of Notification 1/2018 CT amending notification 8/2017 CT onwards the composit dealer can supply
Tax payer supplying restaurant services & ., Manufacturers opted for Composition scheme cannot do Exempted supplies
Note : other than manufacturers & Restaurant service provider who is in Composition scheme can make Exempted supplies (Notification 1/2018. CT )
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